Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading Down 2.8%

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) were down 2.8% during trading on Friday . The company traded as low as $52.67 and last traded at $52.85. Approximately 559,258 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 2,294,714 shares. The stock had previously closed at $54.36.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The business’s 50 day moving average price is $46.24 and its 200 day moving average price is $41.41. The stock has a market capitalization of $760.34 million, a P/E ratio of 19.80 and a beta of 1.57.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

A number of large investors have recently made changes to their positions in the stock. Fore Capital LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth approximately $1,691,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth approximately $195,000. Harbour Investments Inc. boosted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% in the second quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 1,608 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth approximately $317,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter worth approximately $384,000.

About Direxion Daily Gold Miners Index Bull 2x Shares

The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is an exchange-traded fund that is based on the NYSE Arca Gold Miners (NTR) index. The fund provides 2x leveraged exposure to a market-cap-weighted index of global gold and silver mining firms. NUGT was launched on Dec 8, 2010 and is managed by Direxion.